CT Vision (International) Holdings has unveiled plans to terminate its 2017 share option scheme and adopt two new equity-based incentive plans—a New Share Option Scheme and a Share Award Scheme—and will seek shareholder approval at an extraordinary general meeting on 29 June 2026 in Hong Kong.

Key points 1. Reason for replacement • The 2017 Share Option Scheme, expiring in June 2027, has less than one year of life remaining and only 1.20 million options (0.10 % of issued shares) left for grant. • The old scheme predates the 1 January 2023 amendments to Hong Kong Listing Rules (Chapter 17) and no longer meets current requirements.

2. New Share Option Scheme (SOS) • Overall mandate: up to 5.0 % of issued share capital (55.55 million shares) may be issued or transferred from treasury to satisfy option exercises. • Service-provider sub-limit: capped at 0.5 % of issued shares (5.56 million). • Eligibility: directors, employees (full- or part-time) and designated service providers who contribute to the Group’s renewable-energy business. • Vesting: normally not less than 12 months; shorter periods allowed only under specific circumstances such as new-hire replacement grants or performance-linked schedules. • Exercise price: not lower than the higher of (i) the closing price on the grant date, (ii) the 5-day average closing price, and (iii) par value. • Life: 10 years from adoption; options lapse on various cessation events or after term expiry.

3. Share Award Scheme (SAS) • Overall mandate: separate 5.0 % of issued shares (55.55 million) for share awards. • Service-provider sub-limit: 0.5 % of issued shares (5.56 million). • Vesting period: minimum 12 months, with case-by-case performance or other conditions set by the Board. • Awards can be settled via new issue, transfer of treasury shares or cash equivalent. • Scheme duration: 10 years from adoption.

4. Outstanding legacy options • 50.00 million options remain outstanding under the 2017 scheme, including 20.00 million held by Executive Directors Ding Ji and Lian Mingcheng, 20.00 million by two employees, and 10.00 million by consultant Zhong Jian (Hong Kong) Investment. • Exercise price: HK$0.351; exercisable from 29 Jan 2027 to 28 Jan 2036 after a 12-month vesting period.

5. Governance & approvals • Adoption of both schemes—and their respective mandate limits and service-provider sub-limits—require ordinary resolutions at the 29 June EGM. • Listing approval for new share issuance or transfer of treasury shares under the schemes is also a condition precedent. • No shareholder is deemed to have a material interest requiring abstention from voting.

Shareholders must submit proxy forms by 10:15 a.m. on 27 June 2026 if unable to attend the EGM in person. The register of members will close from 24 to 29 June 2026 to determine voting eligibility.